Sapient Capital LLC Buys Shares of 104,340 Lennar Co. (NYSE:LEN)

Sapient Capital LLC bought a new position in shares of Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 104,340 shares of the construction company's stock, valued at approximately $15,551,000.

A number of other large investors have also made changes to their positions in LEN. Benjamin Edwards Inc. increased its holdings in Lennar by 7.2% in the fourth quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company's stock valued at $153,000 after buying an additional 69 shares in the last quarter. Savant Capital LLC increased its stake in Lennar by 0.9% in the 4th quarter. Savant Capital LLC now owns 8,361 shares of the construction company's stock valued at $1,246,000 after purchasing an additional 78 shares in the last quarter. RFG Advisory LLC raised its holdings in Lennar by 2.1% during the fourth quarter. RFG Advisory LLC now owns 3,847 shares of the construction company's stock worth $573,000 after purchasing an additional 79 shares during the last quarter. FFT Wealth Management LLC grew its holdings in Lennar by 3.3% in the fourth quarter. FFT Wealth Management LLC now owns 2,646 shares of the construction company's stock valued at $394,000 after purchasing an additional 85 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Lennar by 2.6% in the third quarter. Merit Financial Group LLC now owns 4,009 shares of the construction company's stock valued at $450,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Trading Up 1.9 %

LEN traded up $2.89 on Friday, reaching $158.10. 1,678,221 shares of the company's stock were exchanged, compared to its average volume of 2,013,571. The company has a market cap of $44.01 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.48 and a beta of 1.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $172.59. The company's 50 day moving average is $159.80 and its 200-day moving average is $145.88.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter last year, the firm posted $2.12 EPS. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts predict that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. Lennar's dividend payout ratio (DPR) is currently 14.02%.

Insider Buying and Selling

In other news, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average cost of $157.00 per share, with a total value of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Oppenheimer restated a "market perform" rating on shares of Lennar in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft raised their price target on Lennar from $110.00 to $122.00 and gave the stock a "sell" rating in a research report on Thursday, March 14th. JMP Securities reiterated a "market outperform" rating and set a $170.00 price objective on shares of Lennar in a research report on Friday, March 15th. Royal Bank of Canada reduced their target price on shares of Lennar from $137.00 to $136.00 and set an "underweight" rating on the stock in a report on Thursday, March 14th. Finally, Evercore ISI lifted their price target on shares of Lennar from $224.00 to $238.00 and gave the stock an "outperform" rating in a report on Friday, March 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $163.88.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.